Is Health Care SPDR (ETF) a Sell? The Stock Had Bearish Options Activity Today

 Is Health Care SPDR (ETF) a Sell? The Stock Had Bearish Options Activity Today

In today’s session Health Care SPDR (ETF) (XLV) recorded an unusually high (25,677) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious XLV decrease. With 25,677 contracts traded and 55224 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: XLV161216P00065000 closed last at: $1.01 or 62.9% up. Health Care SPDR (ETF) (NYSEARCA:XLV) has declined 0.93% since March 30, 2016 and is downtrending. It has underperformed by 3.94% the S&P500.

Health Care Select Sector SPDR Fund seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The ETF has a market cap of $11.29 billion. The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). It has a 5.21 P/E ratio. The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.

XLV Company Profile

Health Care Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Health Care Select Sector of the S&P 500 Index (the Index). The Index includes companies whose primary business may include healthcare equipment and supplies, healthcare services, biotechnology and pharmaceuticals.

More notable recent Health Care SPDR (ETF) (NYSEARCA:XLV) news were published by: Etfdailynews.com which released: “Traders Are Betting Heavily on More Healthcare Stock Declines” on October 27, 2016, also Etfdailynews.com with their article: “Are Health Care ETFs a Buy Heading Into Earnings Season?” published on October 24, 2016, Benzinga.com published: “Todd Gordon’s Health Care SPDR ETF Trade” on October 11, 2016. More interesting news about Health Care SPDR (ETF) (NYSEARCA:XLV) were released by: Fool.com and their article: “The 5 Best Healthcare ETFs” published on June 26, 2016 as well as Fool.com‘s news article titled: “Last Week’s Best Healthcare ETF” with publication date: May 07, 2016.

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